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Apr 12, 2017 8:02 PM ET

Israel: Najea: A loan of $2,475 helps her purchase a mesotherapy device for skin massage and rejuvenation, skin masks and other cosmetic supplies.

iCrowdNewswire - Apr 12, 2017

Najea

Israel
 
Nazereth, Israel / Beauty Salon
 
Borrower image
 

A loan of $2,475 helps her purchase a mesotherapy device for skin massage and rejuvenation, skin masks and other cosmetic supplies.

Najea’s story

Najea is part of a group guaranteed loan. She has a cosmetics business which started with manicures and pedicures and has expanded to laser therapy, skin treatments and other beauty services. She has recently started a customer membership group for discounts and special offers to increase her customer base and outreach.

With her loan Najea is expanding her cosmetic services. She purchased a mesotherapy device for skin massage and rejuvenation, skin masks and other cosmetic supplies.

Najea wants to expand her customer base and register her business.

This loan is special because:

It’s designed to help some of the most marginalized people in Israeli society. 

Lev Plaves
Kiva staff

More about this loan

KIEDF targets some of the most marginalized groups and areas in Israel with its microfinance services, specifically working with Bedouins, Haredi women, and Israeli-Ethiopians. By contributing to this loan, you are supporting a borrower who otherwise would have very limited access to financial services. 

About Koret Israel Economic Development Funds (KIEDF):

Koret Israel Economic Development Funds (KIEDF) launched its direct lending program, SAWA, in 2006 to help low-income and unemployed populations within Israel create independent income-generating activities. SAWA currently serves Bedouin women in the Negev, Arab Israeli women in northern Israel and Jewish Israeli women. SAWA loans support a wide variety of small business types including consumer goods sales, grocery stores, animal raising, hairdressing, sewing, and day care. SAWA continues to grow and serve new populations while maintaining a loss rate of less than 3%.

Contact Information:

Najea

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